TSX:LSG.DB - Post by User
Post by
UKGeorgeon Aug 28, 2009 12:03pm
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Post# 16258539
rip off
rip offare you talking about the assets wtm bought two days earlier?
i agree to the princible of buying the project next door it makes complete sense, the price that lsg is paying is what i am not happy about.
if it is 2 Moz at thunder creek, great but lsg allready owns 60%, so $320 million for the 40%.
$320 000 000 for 800 000 oz so LSG are paying $400/oz
for an un prooved resource which needs further drilling etc.
It is a rip off, and looking at the share price performance of WTM plenty of people were in the know.
sold half my holding today, still hope lsg does well but this is bad value for lsg holders. wouldn't be surprised if lsg hits C$2 before it gets to C$4
$400 per oz is a rip of